Last updated: February 05, 2024
The month’s total revenue from slots was $814.6 million, which is 5% less than the previous year.
In September, the state’s casinos brought in $1.27 billion in gaming revenue, according to the Nevada Gaming Control Board (NGCB). It represents an annual growth of 1.69%.
$74.1 million was made on the Las Vegas Strip, a 7% increase from the previous year. There was a 1.8% increase in revenue to $1 billion in Clark County as a whole, which includes the Boulder Strip, North Las Vegas, downtown Las Vegas, and the Strip. Reductions in revenue of 6.6% were observed in Washoe County, which is home to casinos in North Lake Tahoe, Reno, and Sparks.
Slot machine revenue for the month came to $814.6 million, which is 5% less than the same period last year. Revenue from multi-denomination slot machines was $473.9 million. Revenue from card, table, and counter games rose 16.6% to $455.9 million. Leading the pack with $148.8 million, Baccarat is 85% ahead of September 2022.
While total wagering was $811.3 million, up 6.6% year over year, sports betting revenue fell by nearly 12% to $62.3 million. The percentage of bets held by sportsbooks decreased to 7.7%. Sixty-four percent of all bets were placed on mobile devices.
Based on the taxable revenues received in September 2023, the state was able to collect $77.6 million in percentage fees in October 2023. In comparison to October of the previous year, when percentage fee collections were $80.5m, this represents a decrease of 3.59%, or $2.89m.
Marilyn Chavez is an associate researcher at the Missouri University of Science and Technology, where she studied the mathematical probabilities and aspects of casino games like slot machines. She’s written several case studies which have been published by multiple problem-gaming institutions to help spread awareness about the dangers of online gambling and gambling addiction. She also presented a 2019 Ted talk on the topic of gambling among minors.
